AVP - Actuary Pricing

Job Purpose: Develop and implement pricing strategies for motor and nonmotor products to ensure sustainable profitability market competitiveness, and regulatory compliance. Job Expectations: Deliver accurate pricing models that align with business growth. Risk acceptance, and market trends. Support new business feasibility studies and regulatory pricing submissions with well-justified actuarial assumptions. Proactively monitor portfolio performance, identify deviations, and recommend corrective actions. Key Responsibilities: Develop and maintain pricing models for motor and non-motor products, ensuring sustainable yet competitive pricing. Conduct feasibility studies for new partnerships, negotiate key assumptions, and align underwriting conditions. Work with Product Development, Relationship Management, and Underwriting to justify assumptions using both internal and external data. Monitor portfolio performance, analyze deviations, and recommend corrective actions such as repricing or repackaging. Summarize competitor rankings, track market pricing trends, and build a competitor pricing database. Prepare pricing submissions for regulatory approval, ensuring accuracy and sound actuarial justifications. Support advanced pricing initiatives, including GLM modeling, automation, and pricing dashboards. Functional Competency: Minimum 5 years of pricing experience in the insurance industry. ASA/ACAS or equivalent actuarial qualification is a plus. In-depth knowledge of market trends and regulatory frameworks. Strong data analysis and modeling skills. Excellent collaboration and communication skills.